Before trimming back my more strategic consultancy work to concentrate on the MA, I was an associate of one of the UK's better-known HR consultancies.
For the six years I was involved with them, working on occasional projects, they worked hard to build a communications and engagement practice. However, I saw today that even the best are struggling in this credit crunch when I received a note saying:
"We have taken the decision to move to a purely associate model for the delivery of Engagement and Communication Strategies. Whilst many clients recognise the importance of this work, the current economic climate means that it is not sustainable to continue to retain internal resource in this area. There will be a total of 7 post closures......"
Now, from what I can tell, they are creating other HR consultancy roles, but not in IC so some pretty skilled practitioners are going to be out of a job. This is the first time that the current downturn has struck close to home for me. I suspect it won't be the last.